Public Employees Retirement Association of Colorado Acquires 24,120 Shares of Great Plains Energy Incorporated (GXP)

Public Employees Retirement Association of Colorado raised its holdings in shares of Great Plains Energy Incorporated (NYSE:GXP) by 355.7% in the 4th quarter, Holdings Channel reports. The fund owned 30,901 shares of the utilities provider’s stock after purchasing an additional 24,120 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Great Plains Energy were worth $996,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GXP. Commonwealth Bank of Australia raised its position in shares of Great Plains Energy by 237.8% during the 3rd quarter. Commonwealth Bank of Australia now owns 6,159,458 shares of the utilities provider’s stock valued at $185,952,000 after acquiring an additional 4,336,097 shares during the last quarter. AMP Capital Investors Ltd grew its holdings in shares of Great Plains Energy by 1,464.8% in the 3rd quarter. AMP Capital Investors Ltd now owns 1,246,032 shares of the utilities provider’s stock valued at $37,756,000 after buying an additional 1,166,405 shares during the period. Jennison Associates LLC grew its holdings in shares of Great Plains Energy by 24.4% in the 4th quarter. Jennison Associates LLC now owns 4,943,982 shares of the utilities provider’s stock valued at $159,394,000 after buying an additional 969,842 shares during the period. Citadel Advisors LLC grew its holdings in shares of Great Plains Energy by 84.1% in the 3rd quarter. Citadel Advisors LLC now owns 2,065,259 shares of the utilities provider’s stock valued at $62,577,000 after buying an additional 943,296 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Great Plains Energy in the 3rd quarter valued at $25,058,000. Institutional investors own 87.01% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Morgan Stanley raised shares of Great Plains Energy to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, February 13th. UBS Group assumed coverage on shares of Great Plains Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $32.00 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of Great Plains Energy from $37.00 to $34.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. SunTrust Banks set a $29.00 price target on shares of Great Plains Energy and gave the company a “hold” rating in a report on Tuesday, January 16th. Finally, Zacks Investment Research lowered shares of Great Plains Energy from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $31.50.

Great Plains Energy Incorporated (NYSE:GXP) opened at $30.52 on Friday. The firm has a market cap of $6,582.00, a price-to-earnings ratio of 17.54, a P/E/G ratio of 3.40 and a beta of 0.38. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.44 and a quick ratio of 1.24. Great Plains Energy Incorporated has a one year low of $27.60 and a one year high of $34.72.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Tuesday, February 27th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Monday, February 26th. Great Plains Energy’s payout ratio is presently 550.03%.

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About Great Plains Energy

Great Plains Energy Incorporated (Great Plains Energy) is a utility holding company. The Company operates through electric utility segment. The Company’s subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO). KCP&L is an integrated, regulated electric utility that provides electricity to customers primarily in the states of Missouri and Kansas.

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Institutional Ownership by Quarter for Great Plains Energy (NYSE:GXP)

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